Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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ETH ZOOMED OUT VIEW, with 2 possible scenarios.
As we can see price is still around a resistance zone, still speculating a bearish movement.
For now, we can be zooming in into lower time frame, to look for new bearish reversal as per your trading plan.
However, For the bulls to kick in and prove control for a long-term perspective we need a break above the marked previous high and resistance zone as well.
If we had a momentum candle close above our resistance, then we will be speculating a further movement higher and new bullish movements.
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and as usual follow your trading plan and manage your risk.
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